The Demand Curve Any Monopolist Uses in Making Output Decisions

question 40

Multiple Choice

The demand curve any monopolist uses in making output decisions is:

• A) the same as the demand curve facing a perfectly competitive firm.
• B) vertical, because there are no close substitutes for its product.
• C) horizontal, because there are no close substitutes for its product.
• D) the same as the market demand curve.
• E) perfectly inelastic.

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